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KICU
Jun 21, 2013 11:30pm PDT
. >> reporter: bars and restaurants are hiring. that industry is thriving with a rebounding economy. people have more money to travel and to eat out. >> the sun is starting to come out on the california economy. ronald reagan another area of job growth lies in big city construction. if that job growth stays stable in the construction industry, in alameda, jade hernandez, ktvu news. >> >> more details on the unemployment rate in the area -- . >>> berkeley's world famous restaurant preparing to open its doors to the public for the first time since a fire badly damaged that restaurant in march. tonight, it opened for a fund- raiser to benefit the berkeley based edible school program. it's a program that shows local kids how to grow, harvest and prepare seasonal produce. >> this is more than a rebirth. it's kind of a reinvasion that i think will keep us going for many more years. >> the fire was caused by an electrical program underneath a porch. it did more than $200 thousand worth of damage. it has been repaired and it is going to reopen on monday. >> >> facebook said the cause of a b
KICU
Jun 17, 2013 4:00am PDT
the financial sector with the housing market recovering, the economy stable, and businesses and consumers ready to borrow. a number of critical shareholder meetings are coming up, including a meeting today of elan shareholders. and this one is big. elan has been the focus of the hostile takeover battle of the year, and now the company is up for sale. board members want royalty pharma to make an offer. the company already rejected royalty's $6.7 billion bid. what's at stake are profits from elan's potential new blockbuster drugs. friday, shares closed up $1.05. meanwhile, office depot's largest shareholder is pushing for decisions. starboard value claims the office supply company failed to hold a shareholder meeting to elect new board members. starboard wants the board elected now, in the event the company's plan to merge with office max falls through. a special shareholder meeting is set for july 10th. the new contract for caterpilllar workers went into effect sunday, and just as employees signed off on the deal, cat is laying off a third of the workers next week from the plant
KICU
Jun 22, 2013 11:30pm PDT
build the foundation for a clean-energy economy. >> mr. obama called for america to be a leader in combating the global crisis and he will make his speech tuesday at georgetown university in washington d.c.. >>> investigators are trying to figure out what caused a vintage plan to crash today apan air show? the stearman biplane crashed into a field in ohio and burst into flames. officials there on the scene of the 39th annual vectren air show that a pilot and veteran female wing walker were killed. duo appeared to be executing an stunt in which the plane flipped while the wing walker is out on one what's been markeds no one on the ground was hurt. >>> the auto racing community is mourning the death of a driver, allan simonsen was only 9 minutes into the 24 hours race when he skidded and crashed into a barrier. the 34-year-old drive was pronounced dead at a hospital. cars reached speeds of 105 miles per hour at that deadly turn where the crash happened. >>> for a second day, police is searched the massachusetts home of new england patriot aaron hernandez. after a four-hour search inv
KICU
Jun 14, 2013 11:30pm PDT
economy weakened and was a prime factor. >> one bay area company is doing well. restoration hard ware shares were up today and have nearly tripled since last november they have developing a kitchen and table ware line expected to launch next year. >>> thrills and spills at a new skate park tonight. new at 10, live in fremont to show us why such a big hit maureen even though not everyone is following the rules. >> reporter: it may be empty but earlier tonight it was packed and the official opening isn't until next week. this is what it looks like to drop into fremont's new skate park. we turn the camera on a skate border. athletes of all ages are packing the park. >> it is my favorite skate park ever. >> reporter: 8-year-old gavin has been skating since he was 5. >> i broke my wrist, my toe. my knee. and another toe. >> reporter: in fact we saw several skate boarders get injured after performing trickmanoeuvres. despite this rule posted that requires skaters to wear helmet, knee and elbow pads the vast majority were not wearing safety gear. >> they want them to be wearing pads and
KICU
Jun 19, 2013 4:00am PDT
. yesterday's stock market action appears to show the fed will continue to stimulate the economy. the dow soared 138 points, the nasdaq up 30 and the s&p by 13. gold sold off as oil gained. in the after-hours session, shares of lay-z-boy and adobe both initially rallied on earnings news. adobe beat estimates, but the future is in question. facebook will be out with its new big idea tomorrow. a new way to show photos or videos is highly suspected. and treasury secretary jack lew is giving up his loopy signature for a more traditional one he will use to sign banknotes starting this fall. larry shover of sfg alternatives joins us for trader talk. good to have you on the show this morning larry, and i am wondering how you are preparing for this fed day. - the way i am preparing today is just keeping the powder dry. clearly the smarter money - not to say that i am, but the bigger, smarter money - has been on the sidelines really for the past two to three weeks. a lot of big moves we have seen have been just dramatically done by hedge funds, futures, and fast money. so, i am keeping the powder
KICU
Jun 21, 2013 4:00am PDT
fed dials back on stimulating the economy with low interest rates. as the vix bounced in yesterday's trading session, stocks dropped in big volume. there was red across the screen in the super sell- off, with the dow sinking 354 points, the nasdaq down 78 and the s&p off by 41. the dow is now below 15,000 and the s&p broke 1,600. gold tumbled to a 2-year low, dropping $94, and oil lost $3.30. we could be in for a wild ride ahead. it's options expiration day, and add to that, oracle turned in earnings that missed on sales. oracle also plans to leave the nasdaq for the nyse. we begin today with prospective coming from todd horwitz of average joe options to talk about that taper tailspin. good morning to you. - good morning to you. what's going on? - stocks sold off heavily, bonds sold off heavily. is this move overdone? - you know, it might be overdone here in the short-term. i mean, i would look for probably 1580 in the s&p for a little bit of a bounce. but overall, i think this is where we're going to go. i think the market's looking for a reason to correct. i think we fi
KICU
Jun 20, 2013 4:00am PDT
. in today's cover story....how the fed decision will effect the economy short and long term. plus.... why one analyst says its a buyers market for muncipal bonds. and....bill buster.... why you may be wasting hundreds of dollars on your cell phone bills. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning!it's thursday, june 20th. im angela miles. in today's first look: the market's taper caper. stocks fell dramatically yesterday on word from the chairman -- the federal reserve may taper its bond buying program by the end of the year. the dow fell more than 200 points, the nasdaq deopped 39 and the s&p 23... as traders yanked money out of the stock market. gold and oil also sold off. in irs updates, fbi agentsare said to be to working on a criminal probe into scrutiny of conservative groups. while an irs employee contends the targeting did not originate from the white house. and dunkin' donuts reportedly goes gluten free with some its doughnuts and muffins.dunkin makes the move ahead of rivals mcdonald's an
KICU
Jun 18, 2013 4:00am PDT
that there's monster stimulus coming into the economy. - were you surprised, though, how quickly people traded off that news coming in from the wall street journal, and then the financial times, during the session? that really moved the market. - i think there has been very little volatility. the move index, which people don't talk about too much, is similar to the vix index. the vix index is the volatility index in the stock market. the move index is a similar index for the bond market. it was at an all-time low at the beginning of may. it was at about 48. as of last week, it got into the mid 80s. so in may, i don't think the market necessarily, from a chain-weighted option volatility index, was expecting much of a move. as these numbers came into the market and some of the rhetoric came into the market, i think it caught people a little bit behind in terms of their hedging. so i think that caused the market to rally and race a little bit to get to a point where people feel like if there is some tapering, they are a little more comfortable with where rates are. - good to have yo
KICU
Jun 19, 2013 7:00pm PDT
-day policy meeting with the meds say it would make $85 billion in bond purchase. >> the u.s. economy begins to heal. >> the economy is able to sustain a reasonable cruising speed. >> we will ease the pressure on the accelerator. >> the bond porches punchesth stoprchases by 2015. >> the feds will pull back its stimulus program, and leading investors to sell. >>> hundreds of electric cars were recalled, model s sedans manufactured between may 10th and june 8th this year. >> a bracket on a seat was not installed correctly. >> tes la will pick up the cars and provide a rental if necessary. >> in eight minutes, two bay area structures that did not score well. >>> new developments in the case of a man and woman accused of running a brothel. >> one suspect went before the judge today. authorities are still looking for the man's wife. >> accused of forcing women to work as prostitutes. >> some of his friends and relatives came to the hearing, but didn't want to talk. >> in court, a judge ordered lu not to leave california if he posts his $200,000 bond, which prosecutor ones tell me seems lik
KICU
Jun 19, 2013 11:30pm PDT
down sharply. even though it was good news about the overall economy. chairman ben bernanke said it will slow its bond buying stimulus program this year, and end it next year. he said this is possible, because the economy is improving. the fed's program has kept interest rates at record lows. that news from the fed sent the stock markets down across the board. one analyst said any suggestion that the fed will cut its buying is going to be met with a sell-off, which is just a sign of how much investors depend on that program. >>> are you better off now financially? many americans say no. a cnn poll has found 44% of americans say their financial situation is actually worse today compared to a year ago. 36% say they are better off, and 20% say their personal situation is just about the same. only half say they expect economic conditions to be better one year from now. >>> bay area doctors may soon change the way they treat obesity, because of one word, ktvu's heather holmes is live now in oakland with reaction to obesity, now labeled as a disease. >> reporter: the head of the bariatric
Search Results 0 to 9 of about 10